2020 Q3 Form 10-Q Financial Statement
#000086311020000031 Filed on November 06, 2020
Income Statement
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| Revenue | $24.74M | $22.55M |
| YoY Change | 9.7% | 2.85% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.830M | $2.679M |
| YoY Change | 5.64% | 6.61% |
| % of Gross Profit | ||
| Operating Expenses | $16.08M | $16.82M |
| YoY Change | -4.39% | 0.83% |
| Operating Profit | $5.730M | |
| YoY Change | 9.27% | |
| Interest Expense | -$1.910M | $1.765M |
| YoY Change | -208.22% | 14.02% |
| % of Operating Profit | 30.8% | |
| Other Income/Expense, Net | $110.0K | -$73.00K |
| YoY Change | -250.68% | -183.91% |
| Pretax Income | $6.850M | $6.223M |
| YoY Change | 10.08% | 13.62% |
| Income Tax | $1.780M | $1.498M |
| % Of Pretax Income | 25.99% | 24.07% |
| Net Earnings | $5.063M | $4.458M |
| YoY Change | 13.57% | 13.46% |
| Net Earnings / Revenue | 20.47% | 19.77% |
| Basic Earnings Per Share | $0.54 | $0.48 |
| Diluted Earnings Per Share | $0.54 | $0.48 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 9.338M | 9.283M |
| Diluted Shares Outstanding | 9.377M | 9.329M |
Balance Sheet
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $200.0K | $500.0K |
| YoY Change | -60.0% | 150.0% |
| Cash & Equivalents | $249.0K | $458.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | $6.600M | $6.300M |
| YoY Change | 4.76% | 5.0% |
| Inventory | $1.500M | $1.300M |
| Prepaid Expenses | ||
| Receivables | $9.200M | $6.647M |
| Other Receivables | $300.0K | $200.0K |
| Total Short-Term Assets | $17.90M | $14.86M |
| YoY Change | 20.5% | -19.27% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $557.7M | $3.819M |
| YoY Change | 14503.3% | -99.22% |
| Goodwill | $623.0K | $0.00 |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $5.328M | $4.205M |
| YoY Change | 26.71% | -62.79% |
| Total Long-Term Assets | $569.5M | $534.1M |
| YoY Change | 6.63% | 6.33% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $17.90M | $14.86M |
| Total Long-Term Assets | $569.5M | $534.1M |
| Total Assets | $587.4M | $548.9M |
| YoY Change | 7.01% | 5.42% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.400M | $4.950M |
| YoY Change | -11.11% | -4.81% |
| Accrued Expenses | $5.900M | $2.561M |
| YoY Change | 130.38% | -45.51% |
| Deferred Revenue | $1.074M | |
| YoY Change | ||
| Short-Term Debt | $23.80M | $31.70M |
| YoY Change | -24.92% | 99.37% |
| Long-Term Debt Due | $1.800M | $1.700M |
| YoY Change | 5.88% | 13.33% |
| Total Short-Term Liabilities | $43.60M | $50.25M |
| YoY Change | -13.23% | 35.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $142.7M | $114.6M |
| YoY Change | 24.57% | 2.47% |
| Other Long-Term Liabilities | $184.9M | $174.0M |
| YoY Change | 6.26% | 4.76% |
| Total Long-Term Liabilities | $327.6M | $82.44M |
| YoY Change | 297.36% | -70.33% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $43.60M | $50.25M |
| Total Long-Term Liabilities | $327.6M | $82.44M |
| Total Liabilities | $421.6M | $132.7M |
| YoY Change | 217.73% | -64.2% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $46.07M | |
| YoY Change | ||
| Common Stock | $9.284M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $165.9M | $156.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $587.4M | $548.9M |
| YoY Change | 7.01% | 5.42% |
Cashflow Statement
| Concept | 2020 Q3 | 2019 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $5.063M | $4.458M |
| YoY Change | 13.57% | 13.46% |
| Depreciation, Depletion And Amortization | $2.830M | $2.679M |
| YoY Change | 5.64% | 6.61% |
| Cash From Operating Activities | $2.460M | $4.230M |
| YoY Change | -41.84% | -49.7% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$9.010M | -$9.230M |
| YoY Change | -2.38% | -22.89% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.110M | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$11.12M | -$9.230M |
| YoY Change | 20.48% | -22.83% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 8.530M | 5.260M |
| YoY Change | 62.17% | 47.34% |
| NET CHANGE | ||
| Cash From Operating Activities | 2.460M | 4.230M |
| Cash From Investing Activities | -11.12M | -9.230M |
| Cash From Financing Activities | 8.530M | 5.260M |
| Net Change In Cash | -130.0K | 260.0K |
| YoY Change | -150.0% | 1200.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $2.460M | $4.230M |
| Capital Expenditures | -$9.010M | -$9.230M |
| Free Cash Flow | $11.47M | $13.46M |
| YoY Change | -14.78% | -33.95% |
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<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">NOTE<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> 1</span> – GENERAL</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Resources Corporation, or Artesian Resources, includes income from the earnings of our eight wholly owned subsidiaries. The terms "we", "our", "Artesian" and the "Company" as used herein refer to Artesian Resources and its subsidiaries.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">DELAWARE REGULATED SUBSIDIARIES</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Water Company, Inc., or Artesian Water, our principal subsidiary, is the oldest and largest public water utility in the State of Delaware and has been providing water service within the state since 1905. Artesian Water distributes and sells water to residential, commercial, industrial, governmental, municipal and utility customers throughout the State of Delaware. In addition, Artesian Water provides services to other water utilities, including operations and billing functions, and has contract operation agreements with private and municipal water providers. Artesian Water also provides water for public and private fire protection to customers in our service territories.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Wastewater Management, Inc., or Artesian Wastewater, is a regulated entity that owns wastewater collection and treatment infrastructure and provides wastewater services to customers in Delaware as a regulated public wastewater service company. Artesian Wastewater owns and operates four wastewater treatment facilities, which are permitted to treat approximately 500,000 gallons per day. Artesian Wastewater and Sussex County, a political subdivision of Delaware, provide reciprocal services to address the periodic need of each for additional wastewater treatment and disposal capacity in certain service areas within Sussex County. There are numerous locations in Sussex County where Artesian Wastewater’s and Sussex County’s facilities are capable of being connected or integrated to allow for the movement and disposal of wastewater generated by one or the other’s system in a manner that most efficiently and cost effectively manages wastewater transmission, treatment and disposal. <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Artesian Wastewater received an operations permit in March 2020 for a disposal facility that includes a </span>90<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> million gallon storage lagoon and spray irrigation to agricultural land. This facility will be used to provide treated process wastewater disposal services for an industrial customer at a rate of approximately </span>1.5<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> million gallons per day. We will begin operating this facility once the industrial customer receives their process wastewater treatment operating permit.</span></div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">MARYLAND REGULATED SUBSIDIARIES</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Water Maryland, Inc., or Artesian Water Maryland, began operations in August<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> 2007. Artesian Water Maryland distributes and sells water to residential, commercial, industrial and municipal customers in Cecil County, Maryland.</span></div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Wastewater Maryland, Inc., or Artesian Wastewater Maryland, was incorporated on June <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3, 2008 and is able to provide regulated wastewater services to customers in the State of Maryland.</span> It is currently not providing these services in Maryland.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">PENNSYLVANIA REGULATED SUBSIDIARY</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Water Pennsylvania, Inc., or Artesian Water Pennsylvania, began operations <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">in 2002. It provides water service to a residential community in Chester County, Pennsylvania.</span></div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">OTHER SUBSIDIARIES</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our three other subsidiaries, none of which are regulated, are Artesian Utility Development, Inc., or Artesian Utility, Artesian Development Corporation, or Artesian Development, and Artesian Storm Water Services, Inc., or Artesian Storm Water.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Utility was formed in <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1996 and designs and builds water and wastewater infrastructure and provides contract water and wastewater operation services on the Delmarva Peninsula to private, municipal and governmental institutions. </span>Artesian Utility also evaluates land parcels, provides recommendations to developers on the size of water or wastewater facilities and the type of technology that should be used for treatment at such facilities, and operates water and wastewater facilities in Delaware for municipal and governmental organizations. Artesian Utility also contracts with developers for design and construction of wastewater facilities within the Delmarva Peninsula, using a number of different technologies for treatment of wastewater at each facility. In addition, as further discussed below, Artesian Utility operates the Water Service Line Protection Plan, or WSLP Plan, the Sewer Service Line Protection Plan, or SSLP Plan, and the Internal Service Line Protection Plan, or ISLP Plan.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Utility currently operates wastewater treatment facilities for the town of Middletown, in southern New Castle County, Delaware, or Middletown, under a 20-year contract that expires in July<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> 2039. </span>The Company has been operating these facilities, which currently include two wastewater treatment stations with a combined capacity of up to approximately 2.8 million gallons per day, or mgd, and the related wastewater disposal facilities, since 1998. The wastewater treatment facilities in Middletown provide reclaimed wastewater for use in spray irrigation on public and agricultural lands in the area.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Utility also offers three protection plans to customers, the WSLP Plan, the SSLP Plan, and the ISLP Plan. <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> The </span>WSLP Plan covers all parts, material and labor required to repair or replace participating customers' leaking water service lines up to an annual limit. <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The SSLP Plan covers all parts, material and labor required to repair or replace participating customers' leaking or clogged sewer lines up to an annual limit. </span>The ISLP Plan enhances available coverage to include water and wastewater lines within customers' residences.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Development is a real estate holding company that owns properties, including land approved for office buildings, a water treatment plant and wastewater facility, as well as property for current operations, including an office facility in Sussex County, Delaware. The facility consists of approximately 10,000 square feet of office space along with nearly 10,000 square feet of warehouse space.</div> <div><br/></div> <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Artesian Storm Water, incorporated on January 17, 2017, was formed to provide design, installation, maintenance and repair services related to existing or proposed storm water management systems in Delaware and the surrounding areas. The ability to offer storm water services will complement the primary water and wastewater services that we provide.</div> <div><br/></div> | ||
| artna |
Other Operating Revenue Not In Scope Of Asc606
OtherOperatingRevenueNotInScopeOfASC606
|
1046000 | ||
| artna |
Percentage Of Lessee Operating Lease Increase In Annual Lease Payments
PercentageOfLesseeOperatingLeaseIncreaseInAnnualLeasePayments
|
0.03 | ||
| artna |
Minimum Number Of Days Due For Accounts Receivable From Service Line Protection Plan Customer
MinimumNumberOfDaysDueForAccountsReceivableFromServiceLineProtectionPlanCustomer
|
P25D | ||
| artna |
Minimum Number Of Days Customers Services Invoiced In Advance
MinimumNumberOfDaysCustomersServicesInvoicedInAdvance
|
P30D | ||
| artna |
Other Operating Revenue Not In Scope Of Asc606
OtherOperatingRevenueNotInScopeOfASC606
|
993000 | ||
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
24737000 | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
22549000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
66390000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
62586000 | ||
| CY2020Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1420000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1301000 | |
| CY2020Q3 | artna |
Other Operating Revenue Not In Scope Of Asc606
OtherOperatingRevenueNotInScopeOfASC606
|
432000 | |
| CY2019Q3 | artna |
Other Operating Revenue Not In Scope Of Asc606
OtherOperatingRevenueNotInScopeOfASC606
|
381000 | |
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
21000 | ||
| CY2019Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
33000 | ||
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
464000 | ||
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
489000 | ||
| CY2020Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
464000 | |
| CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
480000 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
20000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
19000 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
435000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
450000 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
455000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
469000 | |
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P58Y | |
| CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P58Y | |
| CY2019Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
46000 | |
| CY2019Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
289000 | |
| CY2020Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5328000 | |
| CY2019Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4257000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
42000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
32000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
23000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
23000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
24000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
1315000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1459000 | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1004000 | |
| CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
455000 | |
| CY2019 | us-gaap |
Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
|
30000000 | |
| artna |
Number Of Directors In Committee
NumberOfDirectorsInCommittee
|
3 | ||
| CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
391000 | |
| CY2020Q3 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
4374000 | |
| CY2019Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
3968000 | |
| CY2020Q3 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
331000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9363000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
50000 | ||
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9377000 | |
| us-gaap |
Regulatory Asset Amortization Period
RegulatoryAssetAmortizationPeriod
|
P5Y | ||
| artna |
Amortization Period Goodwill
AmortizationPeriodGoodwill
|
P50Y | ||
| artna |
Amortization Period Of Deferred Acquisition Costs
AmortizationPeriodOfDeferredAcquisitionCosts
|
P20Y | ||
| artna |
Amortization Period Of Deferred Franchise Costs
AmortizationPeriodOfDeferredFranchiseCosts
|
P80Y | ||
| CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
| us-gaap |
Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Liability Income Tax Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxLiabilityIncomeTaxBenefit
|
24300000 | ||
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9338000 | |
| CY2020Q3 | us-gaap |
Goodwill
Goodwill
|
623000 | |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
0 | |
| CY2020Q3 | artna |
Stock Ownership Required To Be Disclosed Minimum
StockOwnershipRequiredToBeDisclosedMinimum
|
0.05 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9322000 | ||
| CY2020Q2 | artna |
Percentage Of Distribution System Improvement Charge Rate Increase Application Filed By Company To Regulatory
PercentageOfDistributionSystemImprovementChargeRateIncreaseApplicationFiledByCompanyToRegulatory
|
0.0750 | |
| CY2020Q3 | artna |
Percentage Of Distribution System Improvement Charge Rate Increase Application Filed By Company To Regulatory
PercentageOfDistributionSystemImprovementChargeRateIncreaseApplicationFiledByCompanyToRegulatory
|
0.0741 | |
| CY2019 | artna |
Increase Amount Based On Eligible Plant Improvements Since Last Rate Increase
IncreaseAmountBasedOnEligiblePlantImprovementsSinceLastRateIncrease
|
43100000 | |
| artna |
Increase Amount Based On Eligible Plant Improvements Since Last Rate Increase
IncreaseAmountBasedOnEligiblePlantImprovementsSinceLastRateIncrease
|
43100000 | ||
| us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
15300 | ||
| us-gaap |
Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
|
3800000 | ||
| CY2020Q3 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
7000 | |
| CY2020Q3 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
5741000 | |
| CY2019Q3 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
0 | |
| CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4458000 | |
| CY2019Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2317000 | |
| CY2019Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
118000 | |
| CY2019Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
45000 | |
| CY2019Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
96000 | |
| CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
156903000 | |
| CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5063000 | |
| CY2020Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2402000 | |
| CY2020Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
90000 | |
| CY2020Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
45000 | |
| CY2020Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
148000 | |
| CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
165854000 | |
| CY2020Q3 | artna |
Increase In Reserve For Bad Debt
IncreaseInReserveForBadDebt
|
500000 | |
| CY2019Q3 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
7000 | |
| us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
21000 | ||
| us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
16000 | ||
| CY2020Q3 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
0 | |
| CY2019Q3 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
0 | |
| CY2020Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4655000 | |
| CY2020Q2 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
90000 | |
| CY2020Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
423000 | |
| CY2020Q2 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
132000 | |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
162910000 | |
| us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
0 | ||
| us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
0 | ||
| CY2020Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7000 | |
| CY2019Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
7000 | |
| us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
21000 | ||
| us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
16000 | ||
| us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
17400 | ||
| CY2020Q3 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
6602000 | |
| CY2019Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
6891000 | |
| CY2018Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
22800000 | |
| CY2020Q3 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
21821000 | |
| CY2019Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
22246000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9329000 | |
| CY2018Q4 | artna |
Percentage Of Distribution System Improvement Charge Rate Increase Application Filed By Company To Regulatory
PercentageOfDistributionSystemImprovementChargeRateIncreaseApplicationFiledByCompanyToRegulatory
|
0.0555 | |
| CY2019Q2 | artna |
Percentage Of Distribution System Improvement Charge Rate Increase Application Filed By Company To Regulatory
PercentageOfDistributionSystemImprovementChargeRateIncreaseApplicationFiledByCompanyToRegulatory
|
0.0741 | |
| CY2018 | artna |
Increase Amount Based On Eligible Plant Improvements Since Last Rate Increase
IncreaseAmountBasedOnEligiblePlantImprovementsSinceLastRateIncrease
|
30400000 | |
| artna |
Increase Amount Based On Eligible Plant Improvements Since Last Rate Increase
IncreaseAmountBasedOnEligiblePlantImprovementsSinceLastRateIncrease
|
43100000 | ||
| CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9283000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9320000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9272000 | ||
| CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
39000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
43000 | ||
| CY2020Q3 | artna |
Increase In Reserve For Bad Debt
IncreaseInReserveForBadDebt
|
500000 |
